Quarterly Results (Unaudited)

12 Months Ended

Jan. 31, 2013

Quarterly Results (Unaudited)

(18) Quarterly Results (Unaudited)

Unaudited quarterly results were as follows:

	2013
(in thousands, except per share data)	First			Second			Third			Fourth
Revenues	$	273,443		$	289,560		$	282,879		$	229,742
Net income (loss) from continuing operations		4,897			(2,761	)		9,012			(22,095	)
Net income (loss)		3,991			(23,866	)		8,665			(24,813	)
Net income attributable to noncontrolling interests		(241	)		(159	)		(189	)		(39	)
Net income (loss) attributable to Layne		3,750			(24,025	)		8,476			(24,852	)
Basic income (loss) per share - continuing operations		0.24			(0.15	)		0.45			(1.13	)
Diluted income (loss) per share - continuing operations		0.24			(0.15	)		0.45			(1.13	)
Basic income (loss) per share		0.19			(1.23	)		0.43			(1.27	)
Diluted income (loss) per share		0.19			(1.23	)		0.43			(1.27	)

During the fourth quarter of fiscal year 2013, the Company recorded non-cash impairment charges of $7,292,000, or $4,357,000 after income tax. See Note 5 for a further discussion of the impairments recorded.

	2012
(in thousands, except per share data)	First			Second			Third			Fourth
Revenues	$	261,711		$	289,310		$	289,813		$	271,924
Net income (loss) from continuing operations		13,005			10,906			9,536			(86,576	)
Net income (loss)		13,632			11,178			9,581			(87,573	)
Net (loss) attributable to noncontrolling interests		(566	)		(568	)		(828	)		(931	)
Net income (loss) attributable to Layne		13,066			10,610			8,753			(88,504	)
Basic income (loss) per share - continuing operations		0.64			0.54			0.46			(4.50	)
Diluted income (loss) per share - continuing operations		0.64			0.53			0.44			(4.50	)
Basic income (loss) per share		0.67			0.55			0.45			(4.55	)
Diluted income (loss) per share		0.66			0.54			0.45			(4.55	)

During the fourth quarter of fiscal year 2012, the Company recorded non-cash goodwill and definite-lived intangible asset impairment charges of $97,529,000, or $84,641,000 after income tax. See Note 5 for a further discussion of the impairments recorded.